8174 Ocean Gtwy
Easton, MD 21601
Walgreens · Retail Property For Sale

Corporate NNN Lease: Walgreens (S&P: private) has ~5 years remaining with ten, 5-year renewal options at flat rent, ensuring a favorable long-term cost of occupancy for the tenant. High-quality red brick construction in 14,469 SF prototype with drive-thru and rare red brick perimeter wall matching Easton’s attractive historical charm.
Signalized Hard Corner | Established Retail Corridor: Positioned at Ocean Gateway (31.9K VPD) & Dover Rd (10.9K VPD) with points of access and unmatched visibility. Surrounded by national retailers including Aldi, Wawa, McDonalds, Popeyes, AutoZone, and Walmart and Giant anchored centers generating 2.1M+ annual visits.
Top-Performing Store | Proven Sales & Traffic: Location ranks in the top 25% nationwide with 356K annual visits, significantly outperforming nearby CVS with 127K visits annually. $10.46M in extrapolated sales supports a low 4.7% rent-to-sales ratio (in accordance with industry standard 4x multiplier of reported sales).
Limited Pharmacy Competition | High Barriers to Entry: One of only two national pharmacies in Easton. Strong performance signals high probability of lease renewal.
Affluent Eastern Shore Demographics: Located in Talbot County (avg. HH income $135K+), the wealthiest county on Maryland’s Eastern Shore. Regional draw from Easton and nearby St. Michaels supports sustained consumer demand.
National Pharmacy Leader: Walgreens operates ~8,000 locations nationwide serving ~9M customers daily. Backed by Sycamore Partners ($10B acquisition), positioning the platform for long-term operational focus.